Our New Normal in Financial Reporting
This “New Normal’ article offers some insight into how the great challenge of COVID 19 impacts on financial reporting. We will focus on the challenges to financial reporting and take an overall look at the areas that need to be maintained at a level where quality and transparent reporting remains consistently in place for all stakeholders. As preparers, those in charge of governance, advisors and auditors, we all must conduct our activities and perform at a consistently high level and must look to work through the difficult challenges around us, which we all face. This is a fast-moving and constantly evolving situation which will require our close attention to keep up to date.